Meta opens NFT sharing to all Facebook and Instagram users in the US following the testing of digital assets with a handful of Instagram users back in May, with Facebook following suit in June. Users can connect their crypto wallets and display their NFTs in a designated format.
In a piece of recent news, Meta announced that all Instagram and Facebook users in the United States can now display their NFTs. Users can connect their digital wallets like Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet to post digital collectibles minted on Ethereum, Polygon, and Flow.
Earlier in May, the company launched its NFT display options to selected users and later added them to Facebook in June. Facebook has remained the most used social media platform, with over 2.9 billion users, while Instagram has over 1.9 billion users. The recent update on the NFT support feature will expand the use and coverage of these platforms. At the same time, Meta is making NFT more accessible to Facebook and Instagram users.
In an announcement made to users on the Facebook and Instagram NFT cross-posting, Meta wrote:
“Today, we’re announcing that everyone on Facebook and Instagram in the US can connect their wallets and share their digital collectibles. This includes the ability for people to cross-post digital collectibles that they own across both Facebook and Instagram. Additionally, everyone in the 100 countries where digital collectibles are available on Instagram can now access the feature.”
Latest NFT Display Feature
Meta’s NFT display process includes a ‘Digital Collectible’ overlay indicator to signify that it is an NFT. A hexagonal icon appears with a tick inside to signify that this user has connected their NFT details to the app.
Once users post an NFT piece, there will also be a new tab added to their account, which will provide an easy way to access and view all of their NFT artworks. This announcement allows artists to demonstrate their Web3 expertise to a broader audience.
The NFT trading volume drastically plunged to 98% in recent news with skyrocketing minting fees. However, this initiative taken by Meta could be a huge opportunity for independent artists to display their digital collectibles.